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Mudharabah Savings Account
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Operation of this savings account is based on Sharia Board principle. This account is flexible and convenient to maintain. It also promises him an attractive return that is as high as any investment account.
Features
- Types of Mudharabah Savings Account:
- Personal Account – 18 years old and above.
- Joint Account – 18 years old and above and jointly with another person.
- Trust Account – Below 15 years old and the account must be opened together and in the name of the parents or legal guardian.
- An initial deposit of AFN 10.000 is required.
- All withdrawals are subject to a minimum balance of AFN 10,000, which has to be maintained at all times.
- No fixed deposit interest can be deposited into the Mudharabah Savings Account.
Benefits of Mudharabah Savings Account
Higher returns compared to any traditional savings account
The account offers Customer a competitive and generous returns coupled with the flexibility of a savings account.
Dividends will be credited monthly
Customer will enjoy the dividends of his investment monthly, when we credit his share of the profits at the end of each month.
Eligibility
- All individuals over the age of 18
- Corporations and business enterprises are not allowed to open the Mudharabah Savings Account except for a non-profitable organization.
How to Apply
- Individual: Copy of Taskara
- Trustee/On Behalf: Copy of Taskara of Trustee and Birth Certificate of the child
- Clubs & Societies: Original certificates of Registration
- Trust Account: Trust Deed
- Executor & Administrator: Grant of probate, etc.
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Three new branches in Pul-e-Khomri, Kundoz and Jalalabad
Saturday 2nd, Jan. 2010
Ghazanfar Bank launched 3 new branch offices in Pul-e-Khomri, Kundoz and Jalalabad. We continue opening new branches to cover all over Afghanistan. Please stay tuned for annoucements of new branches.
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